Industry NewsMortgage

Market-moving data ‘absent’ from economy

Global trade, currencies push prices up, rates down
Published on Jan 23, 2004

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by CareyBot

All week long, low-fee, 30-year mortgage rates floated just above 5.5 percent, and early this morning looked as though they might break through, going down. Ain’t gonna happen, not right now: at midday, the bond market reversed, the 10-year T-note ...